03:58
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Equity Benchmark indices continue to trade in a negative zone amid choppiness as the rupee crashed to nearly 39-month low in the midst of sustained foreign fund outflows and the greenback's rush in overseas markets.
The S&P BSE Sensex was down 191.64 points or 0.7% at 25860.17 and the Nifty50 Nifty was trading at 67.80 points lower at 7965.50.
About 1345 shares have advanced, whereas 1210 shares declined, and 171 shares have no change.
Besides, investors have turned alert prior to November F&O expiry due today. Further, the much-awaited GST Council meeting, scheduled for Friday, has been postponed by a week.
The rupee has fallen about 3% so far this month, its biggest fall against the dollar since August 2015. The weakening of rupee attributes to a combination of three factors such as global dollar strength, FCNR outflows and the impact of demonetization on GDP.
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Posted in: Indian Market Tips
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